short term trading opportunity in Orient Cement for > 20% upsideHi,
RANASUG
has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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ORIENTCEM
ORIENT CEMENT - Fast Momentum can be expectedPrice analysis & Overview:
1. Liquidity taken from the demand zone.
2. Bouncing from EMA.
3. Good volumes.
4. RRR is favourable.
Trade Plan:
1. ENTRY = Will be best 255, as it is already moved away from entry currently.
2. SL = !0%
3. TP = 1:2,1:3
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Just A View - ORIENTCEM📊 Script: ORIENTCEM
📊 Sector: Cement
📊 Industry: Cement - South India
Key highlights: 💡⚡
📈 Script has taken support at 195 level and started moving upward we may see 229 level.
📈 MACD is giving Crossover
⏱️ C.M.P 📑💰- 213
🟢 Target 🎯🏆 - 229
⚠️ Stoploss ☠️🚫 - 205
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Orient Cement : Swing Trade / Short term (1-3 months)#orientcem #patterntrading #insidebar #insidecandle #inverseheadandshoulderpattern
Orient Cement : Swing Trade / Short term (1-3 months)
>> Good Trending Stock Setup
>> Good Inverse Head & Shoulder Breakout
>> Inside bar Formation after Breakout
>> Good Strength in stock
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
ORIENTCEM : Strategy #3ORIENTCEM :
- Filtered in Strategy #3
- Flage&Pole pattern
- BO done
- Volume BO done
- Holding 1-2 month for good return
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Orient cement is looking long as per technicalAccording to the chart, orient cement is looking long. It has clearly broken consolidation of last some days as you can see on the chart and it is gradually increasing along with the uptrend line. And we can see that buying intent of last three days is also increasing, but the factor that can is a little bit negative is the volume of buy, but it is increased from the last candles. The increment in the price could be that Harimohan Bangur (promoter of Shree cement) bought(sources) 1140500 shares of orient cement @ 96. So people are assuming that the price will be going up.
You can keep your eyes on the stock.
Disclaimer - These are my personal view I don't claim you to buy this stock.Trade-in stock at your own risk.
Comment your view on this
Thanks